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Canada Goose Loses Flight on Earnings Warning

Stock Markets Nov 13, 2019 11:13AM ET
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Investing.com - Canada Goose (NYSE:GOOS) had its feathers ruffled after an earnings call on Wednesday, as the retailer warned that recent protests in Hong Kong will have a significant impact on the current quarter.

Shares of Canada Goose fell 10.4% in midday trade.

Wholesale revenue is also expected to decrease in fiscal third-quarter due to the timing of winter orders, management said on the call.

The company reported a strong beat on the top and bottom lines, as its sales rose in Asia. Earnings per share came in at $0.43 on $222.2 million in revenue, compared to expectations for EPS of $0.32 on $201.3 million in revenue, according to data from Investing.com.

Canada Goose Loses Flight on Earnings Warning
 

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Comments (3)
Ron Zhu
Ron Zhu Nov 13, 2019 1:20PM ET
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why specify Hong Kong when literally every sector in that city is taking huge losses? this news isn't specific to GOOS unless they poured crazy investments into it or something.
Truth Reveller
Truth Reveller Nov 13, 2019 11:47AM ET
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it's more about boycott by China
Rico Su
Rico Su Nov 13, 2019 11:34AM ET
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Hong Kong is not that important, why mention it in the conference call
Mark WH
DCKCStock Nov 13, 2019 11:34AM ET
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You are sooooo right
Dong Chang
Dong Chang Nov 13, 2019 11:34AM ET
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Hong Kong is a major retail chain network
 
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